According to dYdX Foundation, derivatives now account for roughly 75% of total crypto exchange volume, defining the current market backdrop for dYdX, source: dYdX Foundation. Onchain perpetual DEXs processed over 630 billion dollars in 30-day notional volume as of August, highlighting decentralized venues relevant to dYdX, source: dYdX Foundation. These figures are presented by the foundation as indicators for the future of decentralized trading tied to dYdX markets, source: dYdX Foundation.